Finance news – Page 453
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NewsMinistry of Cake taken over by Mademoiselle Desserts
French patisserie manufacturer Mademoiselle Desserts has swallowed Ministry of Cake as part of plans to expand its UK presence.
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NewsMedia Bites 6 December: High street, Boots, Aldi, PureCircle
Britain’s retail sector weathered its fourth poor December in a row with negative like-for-like sales growth on the high street; Boots owner struggles with weak pound and Aldi raises wages for shop floor staff.
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NewsCrawshaw Christmas recovery eats into profit margins
Value meat retailer Crawshaw Group has continued to make progress in its turnaround as sales over Christmas improved thanks to a festive hamper and higher footfall in store.
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NewsPieminister growth heats up on new site openings and supermarket launches
Profits have increased three-fold to £315k at premium pie maker Pieminister as the expansion of its restaurants and new retail launches helped sales grow 17% to £10.7m in the year to 31 March 2016.
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NewsPotato supplier Preva Produce slips into administration after challenging season
Preva Produce, a potato supplier for the likes of Walkers and Kettle, has fallen into administration after difficult end to 2016, leading to 20 redundancies
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NewsAldi to become highest-paying supermarket with wage hikes
The new rate surpasses the £8.45 per hour paid to staff by rival Lidl
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NewsHome Bargains buys majority of Netto sites
Discounter takes 11 sites based in north of England after outlining expansion plans
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NewsCity Snapshot: US Customs seizure causes 14% first half sales drop for PureCircle
Stevia producer PureCircle has reported a first half sales drop of 14% as the seizure of a shipment by US Customs hit sales
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NewsMedia Bites 5 Jan: Bernard Matthews, Christmas retail performance, B&M Bargains
The pensions lifeboat is pushing to recover £75m from the administrators of Bernard Matthews, or nearly four times the pension deficit first flagged at the turkey producer.
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NewsB&M shares sparkle on bumper Christmas
Shares in B&M European Value Retail have soared 8.5% after the discount chain recorded its best ever Christmas
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NewsHilton Food Group signs Portuguese meat joint venture with Sonae
Shares in the red meat supplier have climbed 4% so far today to 670p on the back of the agreement.
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NewsReed Boardall increases profits despite sales dip
Revenues at Yorkshire-based cold storage and transport business The Reed Boardall Group dipped slightly to £64.3m in the year to 31 March 2016, compared with £65.9m in the previous 12 months.
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NewsLeadsom promises post-Brexit red tape purge
Environment secretary pledges to slash bureaucracy in bid to ‘set farmers free’
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NewsNisa reports strong Christmas boosted by fresh produce sales
The figures given exclude former member My Local, which filed for administration in June
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NewsCity Snapshot: Deflation eases again as ambient prices rise
Deflation continued to ease in December, according to the monthly BRC-Nielsen shop price index, with overall shop prices down 1.4%
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NewsMedia Bites 4 Jan: Tesco, Deflation, West Cornwall Pasty Co, Britvic
“Tesco is left embarrassed by director’s fast checkout” is the headline in The Times (£) this morning on the surprise departure of Tesco director and Compass Group chief exec Richard Cousins.
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NewsHalewood plans whisky distillery in North Wales
The project, referred to as Aber Falls, is set for the Aber depot in Abergwyngregyn
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NewsAsda and Tesco go head to head over cupboard basics
2017 already shows signs of brutal competition among the supermarkets
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NewsSamworth Brothers buys West Cornwall Pasty Co
Samworth Brothers has acquired the West Cornwall Pasty Co from private equity group Endless, the company has confirmed today.
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NewsRetail growth will stagnate under Brexit and Trump says KPMG
Retail Think Tank members predict overall retail growth of just 0.5% in 2017